Producer of famous Becherovka liquor compensated for 2012 prohibition losses
The company Jan Becher- Karlovarská Becherovka which produces the famous Czech herbal liquor Becherovka created in 1807 has received close to one hundred million crowns in compensation for losses suffered during the government-enforced prohibition in 2012. No other company on the market received compensation.
According to the news site E15 its losses were almost fully covered under a foreign insurance contract with the Pernod Ricard Group, to which Becherovka belongs. The company reportedly received the equivalent of 96.5 million crowns from an unnamed foreign insurance company.
The spirits producer Rudolf Jelínek, which suffered losses to the tune of 50 million crowns, was left high and dry, as were all the other spirits producers insured in the Czech Republic. According to Jaroslav Burkart from the Union of Producers and Importers of Spirits no such insurance exists in the Czech Republic. Although some of these companies originally said they would ask for compensation from the Czech state, according to the Finance Ministry none of them has so far filed such a request.